The Record Keeping Guide includes over 1000 allowable deductions indexed alphabetically for easy reference, an expanded discussion of Time-Space percentage, ways to calculate all the hours you work, how to choose and use a qualified tax preparer, and a detailed explanation of CACFP (Food Program) Tier I and Tier II expenses and income. It also includes selections from the IRS Family Child Care Audit Guide to help keep records that will protect you in the event of an audit.
Other new topics include bartering, military housing allowances, tangible personal property tax, applying for a home loan, partnerships and incorporation, and employees.
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